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RVBD » Topics » Equity Awards

This excerpt taken from the RVBD 8-K filed Feb 19, 2009.

Equity Awards

On February 12, 2009, the Committee also approved grants of restricted stock units under the LTIP to the named executive officers of the Company to be effective on the later of (i) February 20, 2009 or (ii) the business day immediately following the filing of the Company’s Registration Statement on Form S-8 covering the 2009 evergreen shares under the Company’s 2006 Equity Incentive Plan, as set forth in the following chart:

 

Named Executive Officer

    Performance-Based
Target Award*		    Time-Based Award

Jerry Kennelly

    210,000    70,000

Steve McCanne

    150,000    50,000

Randy Gottfried

    75,000    25,000

David Peranich

    75,000    25,000

Eric Wolford

    75,000    25,000

 

* The Target Award listed in this column represents the target number of shares for the performance period; however, the actual number of shares earned at the conclusion of the performance period will vary from 0% to 200% of the Target Award based on Company performance.

Subject to continuing service requirements, any shares earned under the Performance-Based Target Awards will vest in full on December 31, 2011, and the Time-Based Award shares will vest in three equal annual increments with completion of vesting on December 31, 2011. The LTIP shares are additionally subject to accelerated vesting as set forth in the LTIP.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No.

   

Description

10.1    Riverbed Technology, Inc. Long-Term Incentive Plan

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